Historical Exchange Rates
MGA to NGN Historical Exchange Rates
Review date-based historical exchange-rate data for Malagasy Ariary and Nigerian Naira. This page is designed for historical lookup, not current conversion.
Showing the 30D range. Providers may omit weekends, holidays or dates without published data.
Data source: Frankfurter | Rate date:
Historical Chart
MGA/NGN range data
1 MGA = 0.29607826 NGN on
Monthly and annual reference summary
Calculated from available daily provider observations for 2026-10 and 2026.
| Date | Rate |
|---|---|
| 2026-10-06 | 1 MGA = 0.29998645 NGN |
| 2026-10-07 | 1 MGA = 0.29864966 NGN |
| 2026-10-08 | 1 MGA = 0.29784121 NGN |
| 2026-10-09 | 1 MGA = 0.29751162 NGN |
| 2026-10-12 | 1 MGA = 0.29546914 NGN |
| 2026-10-13 | 1 MGA = 0.29476924 NGN |
| 2026-10-14 | 1 MGA = 0.29489945 NGN |
| 2026-10-15 | 1 MGA = 0.29429903 NGN |
| 2026-10-16 | 1 MGA = 0.29299495 NGN |
| 2026-10-19 | 1 MGA = 0.29269161 NGN |
| 2026-10-20 | 1 MGA = 0.29231516 NGN |
| 2026-10-21 | 1 MGA = 0.29154606 NGN |
| 2026-10-22 | 1 MGA = 0.29150478 NGN |
| 2026-10-23 | 1 MGA = 0.29408786 NGN |
| 2026-10-26 | 1 MGA = 0.29607826 NGN |
Historical trend summary
Observed changes in MGA/NGN
Across 21 provider observations from to , MGA/NGN finished below its first observation. The observed change was -2.06%.
The lowest observed rate was 1 MGA = 0.29150478 NGN on . The highest was 1 MGA = 0.3023169 NGN on . These statements describe the selected data only and are not a forecast.
Historical Context
Understanding MGA/NGN historical data
MGA/NGN records how many nigerian naira units one malagasy ariary represented at each provider publication. Both currencies are associated with Africa, but they remain separate monetary units with their own issuing and policy arrangements. The series can support dated price comparisons, cross-currency records and research into how the relationship changed over the selected period.
Observed movement can reflect relative inflation, economic activity, monetary-policy conditions, trade and demand for the two currencies. The documented exchange-rate arrangements also provide context: Market-based exchange-rate framework. These are historical reference observations, not intraday transaction prices, forecasts or evidence that a single factor caused a particular change.
Exchange-rate information is provided for reference only and is not financial, trading or investment advice.
Source and calculation method
CurrencyHub preserves the requested date separately from the actual provider publication date. Monthly and annual averages are arithmetic means of available daily observations, and the month-end value is the final published observation in that calendar month. No missing weekend or holiday rate is invented or interpolated. Review the policy that applies to any accounting, tax or legal use.
Data interpretation note
These observations are reference rates for comparison and research, not bank execution prices. A requested weekend or holiday may have no publication because the provider follows its own release calendar; CurrencyHub identifies the actual published date instead of inventing or interpolating a value. Banks and payment services can use different processing dates, spreads and fees.